Lowell reporting wrong information

[dx100uk]

you are getting things mixed up 

the SB date is quite correctly 5yrs if you took the debt out whilst resident in scotland

however that does not change the default notice rules under section 87 of the consumer credit act.

once a default notice is issued and that date registered on your credit file, on the DN's 6th birthday the debt is removed from your file. regardless to paid off or not or paying or not. does not mean the debt is/is not still owed mind.

just because a debt in scotland has reached the prescribed date of 5yrs does not mean its removed from your file, that controlled by the DN .

[dx100uk]

correct debt no longer exist in scotland its extinguished however that does not change the consumer credit act nor the rules credit files act under.

if lowells want to be pedantic and show a debt figure still owing, thats their problem.

if the debt is defaulted regardless to the balance figure that will still kill your score if thats what is worrying you..

 

 

[dx100uk]

what is the registered defaulted date from the Default notice sent by the OC and registered on your credit file?

the debt should not be showing if that date has passed 6yrs. and a DCA cant change that date either.

[dx100uk]

thats lowells for you.

there is no legal compulsion to make them zero the bal.

dx